Which of These Was Not a Cause of the Panic

question 16

Multiple Choice

Which of these was not a cause of the Panic of 1819,the first real economic depression in America?

• A) Rapidly declining global demand for American farm products
• B) The tightening of credit
• C) The president's veto of the bill rechartering the Second National Bank
• D) Europe's economic recovery
• E) Dramatically lower purchases from Europe of U.S. cotton

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